Investing in a single company (even YC) is just about as risky as investing in crypto.
Disclaimer: I own a portion of about 100 YC companies. And some crypto.
Disclaimer: I own a portion of about 100 YC companies. And some crypto.
If you don't have hedges to insure against those risks, you are still essentially gambling with your principal. Even a Series A/B Ycombinator company probably has a double-digit percentage failure rate.
Also I agree with everything you said.